Hamilton Lane (NASDAQ:HLNE) issued its earnings results on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.17, Bloomberg Earnings reports. The business had revenue of $65.01 million for the quarter, compared to the consensus estimate of $51.39 million. Hamilton Lane’s revenue was up 53.6% on a year-over-year basis.

Hamilton Lane (HLNE) opened at $35.20 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.08 and a quick ratio of 1.08. Hamilton Lane has a 1-year low of $17.32 and a 1-year high of $40.43.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new position in Hamilton Lane during the 3rd quarter valued at approximately $160,000. JPMorgan Chase & Co. grew its holdings in Hamilton Lane by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $163,000 after buying an additional 1,900 shares in the last quarter. Nationwide Fund Advisors grew its holdings in Hamilton Lane by 84.5% during the 2nd quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock valued at $178,000 after buying an additional 3,710 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new position in Hamilton Lane during the 3rd quarter valued at approximately $229,000. Finally, First Trust Advisors LP purchased a new position in Hamilton Lane during the 3rd quarter valued at approximately $286,000. Institutional investors and hedge funds own 29.46% of the company’s stock.

Separately, Morgan Stanley lifted their target price on Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.00.

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About Hamilton Lane

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

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